Advisers should hold ESG fund providers and asset managers to account and question their policies, according to Cazenove Capital portfolio director Emilie Shaw.
Speaking in the third of a summer series of Working Lunches hosted by Professional Adviser and in partnership with Schroders on Wednesday (26 August), Shaw said it was important for advisers to keep account of the sustainable initiatives providers and asset managers have signed up to.
"This is really important for understanding the strategy being employed," she said. "It's important to get clarity on what the investment policy is so you can report back to your clients - hold the asset manager to that policy."
Also speaking at the webinar was Schroders director of intermediary services Gillian Hepburn, who said it was important to work with a provider who is prepared to be challenged, particularly about specific stocks: "It's not just about what's written [in the policy], it's about whats also demonstrated within the business," she added.
Professional Adviser's fourth and final Working Lunch will take place on Thursday 27 August and will look at building a sustainable advice firm through better understanding of regulation and technology in association with Compliance First.
NURS rules come into force in September
Scope for share price recovery
Refreshed strategy and senior hires
Delayed until late November
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Partly integrated for 28% of advisers
Climate issues to be included
The Financial Ombudsman Service (FOS) has asked adviser firm The On-Line Partnership to compensate a client following unsuitable advice to transfer his pension to a self-invested personal pension (SIPP) and invest in unregulated schemes.
Following adviser feedback
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Regulatory approvals received in August